Based on MIDF’s observation, foreign investors reversed their five-week net buying streak, registering net selling of -RM276.4m last week. The peak net selling occurred on Thursday followed by Monday, while the remaining days of the week saw outflows of less than -RM40 million.
The top three sectors with net foreign inflows last week were Utilities, Property, and Construction, while the top three sectors with net foreign outflows were Consumer Products & Services , Transport & Logistics and Industrial Products & Services.
In contrast, the broking house noted local institutions switched to become net buyers after five consecutive weeks of net selling. Every trading day recorded net buying except for Tuesday when there was an outflow. On that day, local institutions were observed selling shares of CIMB Group, YTL Power, and Public Bank.
Local retailers sustained their net buying of domestic equities for the second consecutive week, totalling RM82.4m. This represents a significantly moderated rate compared to the RM210.9m net buying recorded in the previous week.
In terms of participation, there were declines in average daily trading volume (ADTV) across the board – local retailers, local institutions, and foreign investors.
